Be first position until he gets the construction loan, at that time he then will have the construction loan buy out his PML out an pay any accrual interest and origination fees.

For every day after the 30-days, the permit fee is reduced by 10% of the permit fee.  

Because a large percentage of the charges are base fees that do not change based on use!

A lot of factors go into this. 

We are considering the following options:-I purchase the property from my aunt – Perhaps we can do seller financing to reduce fees?

I’ve been in a similar position where I wanted to scale but equity was a limiting factor.

You open yourself to much more risk in not being able to finance out of it and being stuck with hard money and those fees/penalties.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Quote from @Brandon Leffler:I may sell my condos in CA as the HoA's have climbed to 400$/mo I wouldn't sell your condos solely based on HOA fees being $400/mo.

PM fees are high, exactly because so much work is required in managing STR.